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Bitcoin is a cryptocurrency a form of electronic cash It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009 Bitcoins are created as a reward for a process known as mining They can be exchanged for other currencies products and services Research produced by the University of Cambridge estimates that in 2017 there were 29 to 58 million unique users using a cryptocurrency wallet most of them using bitcoin

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Dec 18 2018 Dragons’ Den star Michele Romanow and her partner Andrew D’Souza have secured another US50-million to grow their latest startup Clearbanc just weeks after announcing they had raised US70-million to bankroll the financing provider for e-commerce firms Now they are looking to secure hundreds of millions of dollars more to meet a surge in demand from online sellers looking for cheap alternatives to finance their growth “We see this as a pretty exciting next step” said Ms Romanow president and co-founder of Clear Finance Technology Corp which operates as Clearbanc “I don’t think we expected this to come this quickly” Clearbanc fronts e-commerce entrepreneurs with money to pay for their online advertising in exchange for a small percentage of revenues that spending generates until they repay the amount in full plus a 6-per-cent premium Customers do not have to provide personal guarantees give up equity or submit to credit checks Instead they provide Clearbanc with access to business data from their online payment processors their online advertising accounts and bank accounts Clearbanc’s software then crunches the data and assesses their unit economics in minutes spitting out an automated financing offer based Read More Can You Use Bitcoin to Pay for Travel December 18 2018 Million Mile Secrets

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August 21 2018 When most people think of buying tickets for a flight or making other travel-related purchases they might reach into their wallet for their credit card But did you know you might be able to pay with a form of digital cryptocurrency like Bitcoin Bitcoin is a type of digital cryptocurrency that serves the same function as traditional currency like US dollars The main difference is that Bitcoin is not tied to any central bank and is not regulated by a government body thus offering a degree of anonymity to users The process for paying with Bitcoin is very similar to paying with a credit or debit card If you’re purchasing online you’ll simply select Bitcoin as your method of payment You’ll then be redirected to a site like Coinbase where you’ll follow the instructions to complete payment We’ll go through which travel sites accept Bitcoin best practices when dealing with cryptocurrency and some pros and cons of using digital currency to help you decide if it’s the right method of payment for you! Where Can You Use Bitcoin for Travel Purchases Although Bitcoin has not yet gone back to its 2017 levels at Read More Humans on the Blockchain: Why Crypto Is the Best Defense Against AI Overlords December 18 2018 Coindesk

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Dec 17 2018 Gary Gensler is a former chairman of the Commodity Futures Trading Commission under President Barack Obama a Senior advisor to the MIT Media Lab Digital Currency Initiative and Senior Lecturer at the MIT Sloan School of Management where he currently teaches several classes on blockchain technology and crypto finance After this year’s wild market ride and so many failed projects what might Satoshi Nakamoto’s innovative “Bitcoin: A Peer-to-Peer Electronic Cash System” mean for money and finance in 2019 and beyond Satoshi’s innovation – the use of append-only timestamped logs secured by cryptography amongst multiple parties forming consensus on a shared ledger – needs to be taken seriously The resulting blockchains of data can form widely verifiable peer-to-peer databases For any chance of a lasting role in the long evolution of money though blockchain applications and crypto assets have to deliver real economic results for users And while bringing the crypto finance markets within public policy norms is critical the greatest challenge remains the seriousness of commercial use cases A bunch of hype masquerading as fact won’t do it What We’ve Learned Blockchain technology and crypto tokens provide an alternative means to move value on the Internet Read More Vitalik “non-giver of ETH” Buterin just gave away 300000 on Twitter December 19 2018 DecryptMedia

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Altcoin is a combination of two words: alt and coin alt is short for alternative and coin as to do with currency together they imply a category of cryptocurrency that is alternative to Bitcoin itself Many of the altcoins are built up on the basic framework provided by Bitcoin Most altcoins are peer-to-peer involve a mining process and offer more efficient and cheaper ways to carry out network transactions Even with many overlapping features Altcoins have very distinct features and vary widely from each other

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Bitcoin has been criticized for its use in illegal transactions its high electricity consumption price volatility thefts from exchanges and the possibility that bitcoin is an economic bubble Bitcoin has also been used as an investment although several regulatory agencies have issued investor alerts about bitcoin